Expert-Grup

Irregularities of MDL 2 billion identified by the Court of Accounts in the first half of 2015

Friday, 18 December 20153700 views
Irregularities of MDL 2 billion identified by the Court of Accounts in the first half of 2015

Automatically translated summary. The full article is available in Romanian.

The Court of Accounts of Moldova estimated irregularities exceeding MDL 2 billion in the first half of 2015, according to a synthesis report published by Expert-Grup in Chișinău. The audits revealed technical and operational problems in public institutions, as well as gaps in the legislative framework.

In the first semester the Court of Accounts published 14 audit reports, nine of them assessing institutional performance. For the first time, four reports examined reforms in social protection, biofuels, technical vocational education and competition protection. Policies were often outdated, fragmented and lacked financial grounding. Vocational education funding standards do not reflect reality, and a social assistance project saw USD 7 million in credit postponed.

The Competition Council paid almost MDL 5 million annually in rent for space for 117 staff, while only 52 work there. Government representatives on state company boards were frequently absent: 32% of meetings at Banca de Economii and 43.5% at Franzeluța. At Moldtelecom, profit fell from MDL 202.2 million to MDL 62.8 million between 2011 and 2014, yet board members' pay rose. Public institutions are often reluctant to reform, with foreign partners the main driver of change.

View the original article in Romanian